Broken actionscript and riddled with spelling mistakes and grammatical errors.
Specifically, the buttons to advance the text do not work and so I have to Right Click>Play through each segment.
Otherwise, the animation was pretty good for a sprite movie. It started off very slow, but the action scenes demonstrated at least some creativity with sprites.
My only advice is that you need to play around a bit more with the camera. I understand some sprites (particularly the ones you use - Megaman, Sonic and Mario) are drawn in such a way that some shots are impossible, but you could at least zoom and scroll during the action sequences. It would really make it that much more dynamic.
I'd probably need to watch the other episodes to get an idea what this is supposed to be about, but I've got no real desire to do that. It was full of cliche.